Infrastructure projects

VND300 trillion needed for infrastructure projects in HCMCVan Nam HCMC – The HCMC government will need around VND300 trillion (US$13.2 billion) for its urban infrastructure projects by 2020 but its budget can meet half the amount at best, heard a meeting on June 13. The city will be able to arrange a mere VND164 trillion for these projects by 2020, said Le Thi Huynh Mai, deputy director of the HCMC Department of Planning and Investment. City vice chairman Tran Vinh Tuyen said the city’s population had grown to a whopping 13 million, including migrants from other parts of the country, so the city had come under huge pressure to carry out new infrastructure projects, especially in the inner-city districts which account for 12 million residents. The city is in dire need of new hospitals and schools while the city is working hard to pay for about 199,000 State employees. The central Government has asked the city to reorganize its administrative agencies and make some of them … [Read more...] about VND300 trillion needed for infrastructure projects in HCMC

800x600
The
city recently organized a seminar that sought collaboration between investors
and banks in seven so-called breakthrough programs.
Tan Cang Sai Gon
Participating
banks have signed loan agreements for eight projects, worth a total of VND 26
trillion (USD 1.1 billion) under the public–private partnership (PPP)
investment mode.
The
projects include a North-South road worth VND 18 trillion and Nguyen Tat Thanh street
worth VND 4.6 trillion.
Chairman
of the city People’s Committee Nguyen Thanh Phong said that loans for the eight
projects had created a push for future projects, as the city has a limited
local budget.
More
businesses are expected to invest under the PPP mode, he said.
Around
153 projects have been … [Read more...] about Ho Chi Minh City plans seven infrastructure projects

Upgrading old buildings and relocating families living near canals are among the major projects that HCM City aims to carry out in the short term, according to city authorities.
The Thu Thiem Peninsula in District 2 in HCM City. The city will upgrade old buildings and relocate households living near canals to improve its look.
The city recently held a seminar on collaboration between investors and banks in so-called breakthrough programmes.
Participating banks have signed loan agreements for eight projects, worth a total of VND26 trillion (US$1.1 billion) under a public-private partnership (PPP) investment mode.
The projects include a North-South road worth VND18 trillion and Nguyen Tat Thanh Street worth VND4.6 trillion.
The chairman of the city People’s Committee Nguyen Thanh Phong said the loans for the eight projects had created a push for future projects, as the city has a limited local budget.
More … [Read more...] about HCM City plans major infrastructure projects

BOT infrastructure projects still get strong backing from NA, GovtTu Hoang
HANOI – Proponents of BOT infrastructure projects still abound at the National Assembly, the Ministry of Transport, the State Audit Office of Vietnam and enterprises though such projects have grown unpopular.
At a meeting on BOT (build-operate-transfer) projects on September 7, Nguyen Duc Kien, vice head of the National Assembly Economic Committee, said the BOT format is suitable for Vietnam’s socio-economic conditions and should be boosted in the coming time.
Deputy Minister of Transport Nguyen Nhat said the State budget could meet only 30% of the capital demand for traffic infrastructure development. According to a Party resolution, the nation will have 2,000-2,500 kilometers of expressway by 2020. However, as of 2016, only 746 kilometers of expressway had been built across the country.
Doan Huy Vinh, vice head of the Specialized Audit Department No II under the State Audit Office of … [Read more...] about BOT infrastructure projects still get strong backing from NA, Govt

City looks for financing privileges to fund infrastructure projects Van Nam HCMC – The HCMC government is seeking approval from the Government for a special financing mechanism which will allow the city to make comprehensive infrastructure investments. In a report sent to the Prime Minister and relevant ministries on Tuesday, city leaders proposed the Government continue allocating funds from the central budget for key projects, and giving HCMC more power and responsibility to use capital sources for urban infrastructure development. Besides, HCMC is looking to apply land rent exemptions at locations used for public traffic projects approved by the Government such as parking lots, vehicle maintenance stations, ticketing booths, public restrooms, green parks and internal roads. The city also wants to prioritize the budget and official development assistance (ODA) loans for important projects of key economic areas. It will also focus on planning, construction and development of … [Read more...] about City looks for financing privileges to fund infrastructure projects